Smart Water Management Market – Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2013 –
2014-06-2692 Page ReportBuy NowRequest SamplePress Release
Smart Water Management Market Expected to Reach USD
15,232.6 Million Globally in 2019 : Transparency Market
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[email protected]Smart Water Management MarketREPORT DESCRIPTIONAccording to a new market report published by Transparency Market Research
(www.transparencymarketresearch.com) “Smart Water Management Market (Component Types – Hardware,
Solutions, Services; Meter Read Technology – Fixed network, Cellular network) – Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast, 2013 – 2019,” the global smart water management market was
worth USD 4,813.3 million in 2012 and is expected to reach USD 15,232.6 million by 2019, growing at a
CAGR of 17.7% from 2013 to 2019. North America was the largest market for smart water management in
2012. Growth in this region is expected to be driven by increasing investment by water utilities in smart
water technologies and growing focus on smart irrigation and minimizing non revenue water over the
forecast period. In addition, strict environmental standards mandated by water regulatory bodies across
the globe, is expected to drive the market in near future.
The smart water management (SWM) market is driven by various factors such as aging water
infrastructure, lack of water management in urban areas and need to reduce non revenue water (NRW).
Enforcement of government regulations across the globe regarding deployment of smart water
technologies is also expected to drive the market.
However, apprehension of water utilities towards
adoption of cloud services and high cost of…